Kalshi Forges Strategic Alliance with Solana, Igniting a New Era for Prediction Markets
In a bold move to broaden its reach within the burgeoning cryptocurrency landscape, U.S.-based prediction market leader Kalshi has announced a significant partnership with Solana. This collaboration aims to tokenize thousands of prediction markets on its platform, marking a pivotal step towards deeper integration with the on-chain economy and attracting a wider crypto-native audience.
This strategic pivot positions Kalshi in direct competition with Polymarket, the long-standing dominant force in on-chain prediction markets. The rivalry between the two platforms escalated dramatically in November, culminating in a rare duopoly that now defines the prediction market sector.
According to data from The Block, November proved to be a record-breaking month for both platforms this year. Kalshi’s trading volume soared to an impressive $5.8 billion, while Polymarket’s volume surpassed $3.7 billion, underscoring the explosive growth and intense interest in this niche.
Regulatory Shifts Fuel Market Boom
The emergence of this powerful duopoly is largely attributed to a recent and significant policy reversal by the U.S. Commodity Futures Trading Commission (CFTC). Historically, the CFTC maintained a conservative stance on “event derivatives.” However, its recent substantial deregulation has unlocked unprecedented growth opportunities for these innovative markets.
Further intensifying the competition, the CFTC officially granted permission last week for Polymarket, which had previously been barred, to re-enter the U.S. market. This decision reintroduces a formidable challenger to the U.S. prediction market, a space previously dominated by Kalshi.
Kalshi’s Strategic Maneuvers: Deepening Liquidity and Empowering Developers
To consolidate its leading position and enhance its offerings, Kalshi has engaged in critical technical collaborations with key Solana ecosystem protocols: DFlow and Jupiter. This partnership aims to bridge Kalshi’s off-chain order book directly to Solana’s robust on-chain liquidity. The goal is to significantly reduce trading friction, enhance market depth, and seamlessly attract more cryptocurrency-native participants.
In a move to foster ecosystem growth and innovation, Kalshi has also unveiled its new “Kalshi Builder Codes.” This initiative empowers developers to permissionlessly leverage Kalshi’s global liquidity pool to create and monetize a diverse range of applications.
As Kalshi articulated on X: “Trading terminals, weather websites, AI Agents… any application you want to build can now earn fees and rewards based on trading volume.” This opens up a new frontier for decentralized application development, integrating real-world events with blockchain technology.
Tokenized predictions powered by Kalshi are live on @Solana
$2M+ in builder grants are open, @AxiomExchange is next, and more chains coming soon.
Welcome to the “Powered by Kalshi” era. pic.twitter.com/0zlNoyZNDA
— Kalshi (@Kalshi) December 1, 2025
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